FMC Technologies Inc. Earnings Drop 67% In Q1

(RTTNews) - FMC Technologies Inc. (FTI) announced a profit for first quarter that fell compared to the same period last year.

The company said its profit declined to $51 million, or $0.22 per share. This was down from $156 million, or $0.67 per share, in last year's first quarter.

The company said revenue for the quarter fell 28.8% to $1.21 billion. This was down from $1.70 billion last year.

FMC Technologies Inc. earnings at a glance:

-Earnings (Q1): $51 Mln. vs. $156 Mln. last year. -Earnings Decline (Y-o-Y): -67.3% -EPS (Q1): $0.22 vs. $0.67 last year. -EPS Decline (Y-o-Y): -67.2% -Revenue (Q1): $1.21 Bln vs. $1.70 Bln last year. -Revenue Change (Y-o-Y): -28.8%